In a strategic move worth $2.9 billion, Coinbase has acquired Deribit, a leading provider of crypto options trading. This acquisition significantly strengthens Coinbase’s position as a major player in the rapidly growing derivatives market. By integrating Deribit’s technology and infrastructure, Coinbase aims to offer a comprehensive platform for its users, encompassing spot, futures, perpetuals, and options contracts. The move will attract institutional investors seeking sophisticated and interconnected products and solidify Coinbase’s standing as a global crypto leader. 2025 saw Deribit reach record highs in volume ($185 billion) and open interest ($60 billion), highlighting the growing demand for crypto derivatives in the international market.